- EBIT: +34.2% AT 780.8 MILLION EURO (581.9 MILLION EURO ON 31 DECEMBER 2011)

- OVER THREEFOLD EBIT INCREASE IN LAST 3 YEARS, +212% FROM 250 MILLION EURO IN 2009 ON LIKE-FOR-LIKE BASIS

- BIT MARGIN GROWS TO 12.9% FROM 10.3% ON 31 DECEMBER 2011 (COMPARED WITH TARGET OF “ABOUT 13%”)

- NET PROFIT: +27.4% TO 398.2 MILLION EURO (312.6 MILLION EURO IN 2011 BEFORE NON-RECURRING IMPACTS) ). TOTAL NET PROFIT IN 2011 WAS 440.7 MILLION EURO AFTER A POSITIVE IMPACT OF 128 MILLION EURO LINKED TO DEFERED TAXATION
- REVENUES: +7.4% TO 6,071.5 MILLION EURO ( 5,654.8 MILLION EURO ON 31 DECEMBER 2011)

- NET FINANCIAL POSITION NEGATIVE 1,205.2 MILLION EURO , A MARKED IMPROVEMENT COMPARED WITH 1,868.8 MILLION EURO ON 30 SEPTEMBER 2012 (COMPARED WITH TARGET OF “ABOVE OR EQUAL TO 1.2 BILLION EURO”)

PIRELLI TYRE

- EBIT: +25.7% TO 809.1 MILLION EURO (643.9 MILLION EURO ON 31 DECEMBER 2011)

- EBIT MARGIN GROWS TO 13.4% FROM 11.5% ON 31 DECEMBER 2011

- CONSUMER BUSINESS EBIT MARGIN AT 14.3% (12.5% ON 31 DECEMBER 2011)

- INDUSTRIAL BUSINESS EBIT MARGIN AT 11.1% (9.1% ON 31 DECEMBER 2011)
- REVENUES: +7.7% TO 6,031.3 MILLION EURO ( 5,601.6 MILLION EURO ON 31 DECEMBER 2011

- BOARD TO PROPOSE TO SHAREHOLDERS THE DISTRUBITION OF A DIVIDEND OF 0.32 EURO PER ORDINARY SHARE (0.27 A YEAR EARLIER) AND 0.39 EURO PER SAVINGS SHARE (0.34 EURO A YEAR EARLIER)

- BUYBACK PROPOSAL TO SHAREHOLDERS APPROVED

- NOTHWITHSTANDING STRONG RESULTS’ GROWTH, MANAGEMENT WILL NOT RECEIVE THE VARIABLE BONUS FOR THE YEAR 2012 BECAUSE THE THRESHOLDS OF ACCESS IN THE INCENTIVE PLAN WERE NOT REACHED

***

2013 TARGETS

CASH GENERATION BEFORE DIVIDENDS POSITIVE AND ABOVE 200 MILLION EURO, EQUAL TO ABOUT 3% OF SALES

NET FINANCIAL POSITION BELOW 1.2 BILLION EURO

INVESTMENTS OF ABOUT 400 MILLION EURO, OVER 70% OF WHICH EARMARKED FOR THE PREMIUM SEGMENT, MIX AND QUALITY ENHANCEMENT. AT THE END OF 2013 PREMIUM CAPACITY WILL BE 33 MILLION PIECES (48% OF THE TOTAL), OF WHICH 63% LOCATED IN LOW COST COUNTRIES AND 60% IN NEW FACTORIES

CONSOLIDATED EBIT BETWEEN 810 AND 850 MILLION EURO WITH A MARGIN IN LINE WITH OR SLIGHTLY HIGHER THAN 2012 AFTER HAVING FINANCED:

- RESTRUCTURING COSTS OF AROUND 30 MILLION EURO

- GREATER MARKETING AND COMMERCIAL COMMITMENTS AIMED AT IMPROVING THE COMPETITIVE POSITIONING IN THE PREMIUM SEGMENT

- INDUSTRIAL COSTS FOR THE CONVERSION OF CAPACITY FROM STANDARD TO PREMIUM AND DEVELOPMENT IN RUSSIA AND MEXICO

- GROWING DEPRECIATION RELATED TO THE INTENSE INVESTMENT ACTIVITY OF THE LAST TWO YEARS AND THE WIDENING OF THE PERIMETER FOR NEW ACQUISITIONS

CONSOLIDATED EBIT WILL INCLUDE CONTRIBUTIONS FROM:

- THE CONSUMER BUSINESS WITH A MARGIN OVER 14% ON SALES FORESEEN AT AROUND 4.6 BILLION EURO

- THE INDUSTRIAL BUSINESS WITH A MARGIN OF AROUND 12% ON SALES OF AROUND 1.7 BILLION EURO

TOTAL REVENUES FORESEEN AT BETWEEN 6.3 AND 6.4 BILLION EURO DERIVED FROM:

- VOLUMES WHICH ARE EXPECTED TO GROW BETWEEN 3% AND 4%. PREMIUM WILL DRIVE DEVELOPMENT WITH A GROWTH RATE BETWEEN 13% AND 14%